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Yes, I think there is a depression coming if it isn't already here. sm

Posted By: MT and worn out on 2008-11-13
In Reply to: 2.9 million jobs tied to 3 car companies - if government does not bail them out.

I live in Michigan, on the west side of the state, but nonetheless in Michigan. We are so tied up in the auto industry that if the Big 3 crash and burn, Michigan may well just cease to exist. We have had 3 auto parts plants close down, Steelcase and Herman Miller are cutting jobs, because people are not hiring, so why make all that office furniture. There is nothing incoming to help take up the slack. Then, I heard on the news this morning that the city of Detroit has now appealed to the feds for help to bail it out. Detroit IS big 3 auto country. If Detroit tanks, so goes the rest of the state. Kwame Kilpatrick fallout not withstanding.

I like to think that as long as people get sick, I will have a job because I do acute care. And we all know that there are people who use the ED as a PCP. Hopefully my doctor in AZ can help me out, but he is a specialist, so who knows.

My 403(b) has lost half of what it used to be, and then I hear that they have suspended the sales of MRE's. But I think that is just over-excitable hype.

However....I have a feeling that the "Great Depression" 2008 style is coming. I don't think the "End Times" is coming, but something has to give or the United States of America will become another third world country.


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I feel no hope, but a huge depression coming.
it is going to be a long, crazy, up and down, scary ride.  I do not see any hope, but failure for this country.  Will NEVER be the same.  You all who wanted change are going to get it.  I am not sure what change the O keeps talking about, but it does not sound good to me at all.  I want to have hope, but I cannot stand who the O picked for Chief of Staff.  Hiliary Clinton stated yesterday, IN HER OWN WORDS, were not good about him at all.  The only vocabulary that he has coming out of his mouth is 4-letter words.  He is nothing but a JERK.  So I guess that means we all can act like Rahm Emanuel and maybe we all can get somewhere in life?  I do not think so, but that is who the O picked.  I guess I should read DickMorris' book when he worked with President Clinton and Rhambo who is not very trusthworthy individual.  It seems to me is psycho.  Starting to stock up on paper products, toilet paper, paper towels and even tampons since paper products were hard to find during the depression.  If the car companies do not get bailed out, look out country.   I do have mixed feelings about bailing out car companies though.  I wish we could, but then it will be bailing them out for the next 2 years and then next in line will be airline companies.  WE DO NOT HAVE THE MONEY TO DO THIS.
Actually, it might very likely to into depression anyway,
is not so all-powerful that they can put the brakes on something that has taken on a life of its own. Unless the cogs that drive this economy are retooled (and that would mean the way banks operate, loans are made, homes are bought and sold, and priced, stocks are valued and invested in, yet), American workers/investors are going to come up with more realistic and less-speculative ways to make their money work for THEM, and not just some rich guy sitting on his 40-foot yacht.
If a depression is what you want...YES.

Obama is your man.


Oh, no ...DEPRESSION is exactly what we are
nm
I believe we will go into a depression

regardless of which idea they go with.  I really don't think there is anyway out of this. 


You know what really bugs me....and this is kind along the lines of the topic of equal pay........


If a caucasian male is making more money for doing the same job as an african american, by law the african american has the right to sue for legal pay.  I'm cool with that.  If you do the same job and think you deserve the same pay....more power to you.  If an african american is making more money for doing the same job as a caucasian, the caucasian has no legal rights to sue for equal pay.  I'm sorry, but that doesn't sound equal to me.


can you spell depression?
x
And you don't think this recession (soon to be depression)...(sm)

has anything to do with it?  Hey, that's what republicans want, big business to grow fast--no regulation--me, me, me...


How about all those families that are going to suffer from this.  Did they ask for it too?


Michigan is in a depression.
I was born and raised in Michigan.  Your state has been hit hard.  I live in the Northwest and in my neighborhood, I have 8 new families who have moved in and guess where they are from?  Michigan.  A lot of my family members in Michigan believe that the Oil companies should bail out the 3 car companies, not from taxpayers money.  Family members do not seem to care if the car companies fold because they are already in worse shape.  My cousin, last family relative working for the GM, took an early retirement package given to him 2-3 weeks BEFORE the financial crisis hit US.  He was very lucky.  I have family members considering moving to the Northwest and 1 family already is here and just love it. 
depression statistics

This sounds familiar:


 


http://eh.net/Clio/Publications/unemployment.html


I meant recession, not depression. nm

I guess my depression medication
must be working because I am  happy to see in our lifetime that a woman and an African American can run for the presidency and possibly win.  Times are changing.  People are opening their eyes to a new day.  Maybe we won't see a change in the economy in the near future, but we should all do our part to at least try to put lawmakers into office who have the peoples' best interest at heart.  We pay taxes and these elected officials work for us.  We can start by putting state representatives in office who will work for us in Washington.  We voted for them and we can fire them.  They work for us.  We do have a voice.
All getting so depression. I doubt there is a single
nm
strategies for coping with the depression

I am paying off debt.  Made my garden bigger.  Planted some fruit trees.  Stocked my pantry.  But I don't want to take in any relatives......I would rather pass out free zuchini.


If we are in a full blown depression...(sm)
then I think the number of illegals coming into the country will lessen.  If we can't offer them anything better here why would they come?  I think there will be more pressure on the ones here because they will be competing for jobs.  When Americans can't find jobs, I think they will be more likely to point out illegals or suspected illegals to lessen competition.
Another book about the Great Depression
The Forgotten Man by Amity Shlaes. I'm about halfway through it now and it's amazing - it could have been written about the last several years instead of the 1920s.
The people during the Great Depression were more self-sufficient that we are. sm
They could make a loaf of bread and farmed. They bartered for goods and services. They also had sound money (gold and silver) unless they left it in a bank deposit box or were duped into letting it be confiscated.

Thanks to the amended version of the Patriot Act, it is against the law to hoard food and water. Bank runs or inciting bank runs is a felony. Imagine that, it is against the law to try and protect your money. These crooks have everything covered.
Per the experts, we officially went into a depression today...nm
.
poll: how many think we are headed for another great depression
me for one
It is not HATE, it is love of country and depression
nm
Tent cities=Great Depression
Go to timesonline.co.uk and search for California tent cities. The homeless shelters there are OVERWHELMED and turn away as much as 200 people A NIGHT!!!! There are over 300 people living in one tent city ALONE! And these are not bums or derelicts, these are low to middle class income people who had been living paycheck to paycheck as most americans do, and lost their jobs and cannot find work.

Gee, and when was the last time this country saw tent cities like this? The Great Depression.


The unemployment rate in California is over 10% and has risen to 15% in some of the hardest hit states in the country. To say that this has been fabricated and that there is no crisis is just more of the republican elitist socially darwinistic pile of horse @!$%# that has been pervading the GOP.


It's time for all of you hard right conservatives to pull your head out of the sand and take a really good look at what YOUR republican president did to this country in the course of 8 years. Obama inherited one of the biggest messes in this country's history, and you are pssed off that he hasn't "fixed" it yet?!! Are you kidding!? He's been in office for not even two months. It took the Great Depression over a decade to be resolved, and your screaming over 2 MONTHS!!!!!!????


There are a lot of people hurting. And guess what, the CEO @!$%#s that helped cause the mess are laughing all the way to their bank accounts in Grand Cayman and couldn't give a @!$%# about the rest of the country. And who helped them get their egregious bonuses and compensation? Hmmmm, couldn't be the republicans that were in power for HOW LONG!!?? I'll tell you: from 1994-2006. Hmmmm, just long enough to deregulate the banks and lower the taxes on the wealthy enough to create the largest income gap in this country since the Industrial revolution.


The republicans f'd up big time. That is why they lost control. And they are continuing on that same wretched path with NO IDEAS on how to fix the mess they are mostly responsible for creating. Except tax cuts for the wealthy. The GOP mantra. It's BS and you all need to stop buying into the rhetoric.


I am hoping with all my heart that Obama is a successful president and is doing what needs to be done to rectify this nation. Yes, he may fail. That is a risk you take with ANY president. But if any of you have even half a functioning brain you would wish for success as well. His failure will mean the failure of our country. And I don't know about you, but I certainly hope I never see that day.


McCain's top economic advisor says we are in a "mental depression" sm

and additionally says that we are a nation of "whiners.' McCains top economic advisor is Phil Gramm.


How do you feel about these remarks? Additionally have you or someone you know been experiencing tough times in the last year?


Change recession to depression and I'll agree with you.
They just signed America's death warrant. 
Book about Great Depression, 1928 and 1929.

BOOK:  The Crisis Of The Old Order  By:  Arthur Schlesinger, Jr.


In 1928 and 1929, the nation had reached, it seemed, a permanent plateau of prosperity.  Businesses expanding.  Foreign trade growing.  The stock market was continuing to rise.  And national leadership could not now be in more expert or safer hands.  "I have no fears for the future of our country," said Herbert Hoover in his inaugural address in March 1929.  "It is bright with hope."


There remained a few discordant voices, anxious in the main over the stock market boom.  In spring 1929, Hoover summoned a special session of Congress to deal with these issues.  The session was not a success.  The Board's purpose was to control the flow of commodities to the market; one provision was to control temporary surpluses.  The session adjourned from April to November without taking action on the tariff.  Hoover wanted state public lands and reclamatin projects and related irrigation matters be withdrawn from national control and states to manage these affairs then Federal Government.  President's attitude toward utilities regulation was similar. 


Yet most Americans remained more interested in teh stock market than economic question and the few interest as now beginning to turn into concern. 


Early 1929, Federal Reserve Board under pressures of NY Federal Reserve Bank, finally consented to warn member banks that they should not lend money for speculative purposes.  But did not work.  Some argued that a restrictive policy might well induce deflation.  The board felt it created "a state of mind which breeds depression."  It was certainly true that reducing the interest rate was a clumsy way of combatting THE BOOM.  As long as the stock market offered highest returns, it was bound to have first call on funds.  Higher interest rate would have slowed down investment, cause capitalization process and bring down prices of ALL CAPITAL ASSETS and thus discourage investment.  President Hoover did nothing as he was preoccupied with his own mind and watched the Board run the course.


CHECK THIS OUT!!!  Finally by summer 1929, some danger signs were apparent, STARTLING DECLINE IN BULIDING CONTRACTS.  Residential construction for the entire year SANK.  CONSUMER SPENDING WAS SLACKENING.  By midsummer 1929, building began to fall off, wholesale commodity prices dropped.  In August, Federal Reserve Board finally agreed to raise to 6 percent. In September Stock Exchange price were at the highest.  On October 23, PRICES STARTED FALLING.  WALL STREET WAS SHAKEN.  Anxiety was suddenly infectious.  As panic spread, stocks dropped.  Hoover stated, "The fundamental business of the country, that is production and distribution of commodities is a sound and prosperous basis."  As prices held for a week, bankers QUIETLY fed back into the stock market that they had bought on Black Thursday for further future storms.  


Banks protected themselves against their customers.  On Monday, new explosion of gloom and panic happend.  General Motors stock lost nearly 2 million.  It soon was an avalanche, vast numbers rushing to get out of the market.  By noon, 8 million shares traded hands and by closing time, Exchange had broken all records with 16 million shares.  By mid November the financial community began to survey the wreckage.  New York Stock Exchange had fallen 40 percent in value. 


CAUSE OF THE CRASH:  Management's disposition to maintain prices and inflate profits while holding down wages and raw material prices meant that workers and farmers were denied benefits of increases in their own productivity.  Decline of mass purchasing power (like our real estate in 2005?) as goods flowed out of expanding capital plant in ever greater quantities, less and less cash in the hands of buyers to carry goods off the market.  Seven years of fixed capital investment at high rates had overbuilt productive capacity and had thus saturated the economy.  The slackening of the automotive and building industries.  Businessmen trying TO SAVE THEMSELVES COULD ONLY WRECK THEIR SYSTEM.  Representing the financiers, it had ignored irresponsible practices in the securities of the markets.  Ignored the weight of private debt.  Result was both class and national disaster. 


Counterinsurgents thrust nation into full blown depression.
How is that possible? Looks like we still have quite a ways to go before we hit the Rovian rock bottom.
war, depression, recession, collapse of financial system, people losing

homes, natural disasters unattended to, collapsing bridges, earmark bridges. Address those first, save flag for later.


 


Where is this coming from? sm
When you same something this inflammatory, this hateful, this destructive, and this untrue, you need to give a source other than your personal opinion.
No, I don't get where you are coming from.....
Did a gay/lesbian person EVER push their lifestyle on you? If so, they were simply classless people. I have never had that happen with couples (2 separate people tried to hit on me, same sex, but, they erroneously thought I was of the same ilk). What people do in their bedroom is their own business. I was raised in a small town, my family was well acquainted with several gay couples. One of the ladies was a very powerful deputy sheriff who commanded respect and who also owned half the town. She was one of the most intelligent, fascinating people I have ever met. I was raised to look at it as a non-issue. It didn't change who those people were. We loved them no matter what.
this coming from the
person who told another poster to "shut up" recently.  War, economy, health care.  We are dealing with horrific problems here.
Where are you coming from?

The post that Zville put up had only 2 responses besides yourself.  How that has anything to do with "rabid Republicans" and the rest of your post is out of line.  No one but you mentioned the different parties. 


 


What is coming......sm
No need to check this out on Snopes because it won't be there. This actually happened to a friend's friend and my friend told me about it.

I ordered a pizza and when the delivery guy comes to the door I see he is an older guy. With a heavy accent he pointed to my yard sign and said "That is right, no Obama, yes McCain." I nodded in approval and said "Thats right!" and he went on to say "I lived 37 years under a communist government, and what is coming, is communism."

Now, if that don't scare ya straight, I don't know what will.
Coming to the top with you...

I just didn't want this message to get lost below.


This post is nothing but an opinion by an unidentified author from an obscure website.  This website is run by a guy named Jeff Rense.  He also does a radio talk show about UFO sightings.  Nice research there partner!


 


no one is coming
since you are making a racist remark against whites, you need to know I am black and I too have a gun and ammo. You think only white people have that? And I too am a conservative and I suppose you would consider me right wing, if you want to give it a name. I am a God fearing person whom you call hyper-religious. I am against abortion and believe we have the right to bear arms.

Need to reassess your own views first.
The coming
http://canadafreepress.com/index.php/article/7901


where is this coming from - seriously? nm
x
Isn't that coming anyway?
Government is getting more and more control over things.  If they take control of everything.....what makes you think they won't tell us how to live, where to live, what we can buy, etc.
How would you like somebody coming
into your house and taking it away from you? Not every people accepts this, because it is wrong.
You don't even know who I am, I only started coming here.
x
Indictments coming down
One to ffive indictments coming down.  Those involved have already been told.  Indictments are sealed until tomorrow.
And the funnies keep on coming.

I hope for your sake that laws are never changed to require a voter to have a double-digit IQ.


Exactly! Coming together as Americans...
and out from under all "labels" is where the answer lies. No one truly believes in Democracy anymore. In days gone by, yes, there would be grousing going up to election, a little grousing after election, then we were all friends again until the next election cycle. All this polarization is ridiculous, and disliking someone strictly on their political stance, and saying silly things like "I have known people like you all my life" and focusing that frustration on one person they don't even know...how silly is that?? I suppose because they can't confront those people in "real life" they come here to unload on strangers. It is truly my way or the highway, and it is that way on BOTH sides. Would it not be wonderful to be Americans first and liberals or conservatives or polka-dotted SECOND?


Keep 'em coming.
I’m going to take a page out of your book again and simply jump over this latest denial/dodge of yours...just like you did with the context post. Blame game bluster scores no points here. The ignorance seems to be unending, but at least you could try to know your own party platform. Think you can handle that?

Bottom line. This is so simple, even you can get it. Dems would impose the R-words (regulatiions and restrictions) on the transnationals....back in the day, we called it monopoly busting. Pubs give them the keys to the candy store, the greed of the wealthy being what it is and all. Gotta keep those CEOs perks coming.

We can all see how well that has worked for us. One does not have to look too far to see just how inept the party has been over the past 8 years in all things economic. Huge surplus transformed to deepest deficit of all times, virtually overnight, gas/food, bank foreclosures, housing crisis, rising unemployment, wage stagnation, inflation/recession. Bush’s latest brilliant explanation for all this is that “Wall Street got drunk. It has a hangover. Don’t know how long it will take them to sober up.” This would be the extent of his experience? Scarey. Maybe he has been reading McCain's joke book. The candidate tells us that the economy “is not his strong suit.” Disarmingly honest, but none to comforting. Speaks for itself.

Touched on this in the economics paragraph in the context post, but you chose to ignore that...or, in your own words, maybe that was the one you were not paying attention to, I forget. In fact, no response from you, Sam, speaks volumes and sheds a whole lot more light on the subject than anything you might actually come out and try to say. Go figure.

Ok, I understand where you are coming from...
we just agree to disagree on this. Politicians say slanderous things about each other all the time...it is the nature of the beast. And the presidential election year is when all these kinds of books come out, with innuendo and stuff from "unnamed sources" on both sides.

But bottom line, all the things I know about Obama and the company he keeps and the things he has done in his political life are much more concerning to me than whether or not John McCain called his wife a vulgar name. With only these two choices, mine will have to be McCain.

I am not sure your statement of "he is a mean and nasty person all around" is a fair characterization either. He and his wife have been involved with many charitable efforts, mostly to do with children. Have you read about their adopted daughter?

That being said, you are certainly entitled to your opinion and to state it, as am I. :) Have a good evening.


I have been coming to this board off and on

for a while now, usually just stay quiet because I don't agree with half of what either side says and I really don't like all the bashing part of politics.  Some of the things said here and other places are quite disgusting, the bickering I can handle and actually enjoy reading, but when it gets to that base level it is just disturbing to me.  But, here is my question.  And, I'll preface it by saying that I am a Republican but am finding myself more of an independent after the last 8 years.


For all the people spouting off the virtues of Sarah Palin, I have not heard one comment in her defense or an excuse for her about her part in that whole radio morning show.  You know the one, where the radio DJ was making fun, being cruel really, about a the President of the Senate in Alaska that he, nor SP like.  You know the part when he called her fat and SP just laughed, when he called this woman a BI*CH and she just laughed, when he called this woman a cancer and she just laughed (BTW, this woman actually had cancer and they knew that).  Sure, she later said she was "caught off guard" by his comment.  Whatever.  Wouldn't a decent human being have just said, Stop.  I'm not going to take part in this.  Any number of things.  If she was so caught off guard by that, what is she going to do as VP.  And, how does she end the whole conversation.  When the DJ makes a comment about visiting Palin, she says "I'd be honored to have you."


This is probably my #1 problem with her.  She seems to have a total lack of compassion.  She enjoyed bashing Obama during her speech the other night, and I was disgusted to see that the audience seemed to enjoy it too.  I have worked within my community and I am proud of that, as should Obama be.  I didn't hear a whole lot in her speech about what she plans to do, or what her actual stand on issues are.  I didn't hear much of them from McCain either. 


I dare say that if these 2 keep letting her evade the tough questions, well any questions at all, I might be crossing lines this year.  Yes, it seems that the media, or certain media, are unnecessarily attacking her but I hope that doesn't become an excuse for them to have her not answer questions.


I used to be pro-Obama, but so much keeps coming out (sm)

To be honest, I am not really thrilled about either of our choices, however, Obama scares me more...


http://video.google.com/videoplay?docid=-7145283472276068711&ei=5DTUSIvKFoPo-AGg7omyAg&q=Look%2C+I+got+two+daughters+%E2%80%94+9+years+old+and+6+years+old%2C%22+he+said.+%22I+am+going+to+teach+them+first+about+values+and+morals%2C+but+if+they+make+a+mistake&vt=lf&hl=en


Okay. Whatever. You just do not get where I am coming from. Forget it.
I DO NOT LIKE EITHER CANDIDATE. PERIOD. END OF DISCUSSION. Thank you. Blast Obama, Blast McCain. The ECONOMY is the problem right now. But nobody seems to care about that. Just constant bashing, and scare tactics. Done with the whole thing. Bye.
where are the cuts coming from?
who is losing out ESPECIALLY when he has all these plans for additional government programs?
It's coming along great!

I just  have myself involved in so much that I don't have enough time as I would like to devote to it. I'm going to start teaching classes at a local Teen  Ranch.  They have acreage and will be able to raise their own gourds, make gourd art and sell it  to raise money.  Here's a link to their website http://www.arkansasteenchallenge.org/  Well, that's the website anyway, I can never get the link thing to work.


Tues. and Wed.morning this week I did a field trip for the local 4th and 5th grade classes (212 of them) at the Cane Hill College Building and spoke to them about the history of the college (it was the first college west of the Mississipi and is said to have fostered the public education system in Arkansas.)   It was turned into a public school around the turn of the century.  I was apprehensive about speaking to these kids but guess I did okay, one of the students said she wished she could go to school just 1 day like the kids did who attended school there.  A teacher quickly picked up on that idea and we're making plans to take one class at a time and give them such a day.  The last class was in the 1950s so the kids will dress in period clothing (no pants and they will divide up in groups and the teacher will teach 3 "grade" levels to simulate how it was done when it was a school.  Long story about the reasons but I will take my huge cauldron pot and make stew over a wood fire and they will have soup, peanut butter and SYRUP sandwiches, dessert and milk for lunch.  Of course parent volunteers will be there helping me.


Sorry about so much personal information but I get really excited about things I believe in and that also includes our government and it's serious need for change.


i have no doubt He is coming
than we think.
This coming from the very person

who didn't know what sm and NM meant and thought every person using sm was the same person. 


At least I'm not blinded by the promise of change from a man who has no experience running anything but his mouth.


The End of the World Is Coming!
As long as the folks get a rise out of ya, they will continue to post it. 
GP - I'm really trying to understand where you are coming from
I just don't understand it. I don't want to argue I want to understand why you feel this way. Forget who supports who. I don't care if you support the same person as me or not. I don't care how many days until election. It could be 100 or it could be 1. If you hear Obama's voice and he says very clearly and even democrats on TV are saying "tell me he didn't say that". But his own voice (and he does not deny he said it) that he will bankrupt any investor in coal power plants, and then in his own voice he said that he will make energy prices skyrocket, why don't you believe it.

Again, I could care less about how many days there are til the election. It's Obama's voice saying this and I'd really like to know why you don't believe it. My MIL is like this and I can't have a conversation with her because when I ask her today why she doesn't believe it she told me because Bush is the antichrist and Obama would never say anything like that because he is the savior of our country. I asked her what she meant and she said everyone is trying to demonize Obama and those weren't his words. So I couldn't get a straight answer from her. So maybe you can explain if you hear Obama saying this why you don't believe it.